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A Culture of Growth: The Origins of the Modern Economy (Graz Schumpeter Lectures)By Joel Mokyr
Download PDF A Culture of Growth: The Origins of the Modern Economy (Graz Schumpeter Lectures)By Joel Mokyr
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During the late eighteenth century, innovations in Europe triggered the Industrial Revolution and the sustained economic progress that spread across the globe. While much has been made of the details of the Industrial Revolution, what remains a mystery is why it took place at all. Why did this revolution begin in the West and not elsewhere, and why did it continue, leading to today's unprecedented prosperity? In this groundbreaking book, celebrated economic historian Joel Mokyr argues that a culture of growth specific to early modern Europe and the European Enlightenment laid the foundations for the scientific advances and pioneering inventions that would instigate explosive technological and economic development. Bringing together economics, the history of science and technology, and models of cultural evolution, Mokyr demonstrates that culture--the beliefs, values, and preferences in society that are capable of changing behavior--was a deciding factor in societal transformations.
Mokyr looks at the period 1500-1700 to show that a politically fragmented Europe fostered a competitive "market for ideas" and a willingness to investigate the secrets of nature. At the same time, a transnational community of brilliant thinkers known as the "Republic of Letters" freely circulated and distributed ideas and writings. This political fragmentation and the supportive intellectual environment explain how the Industrial Revolution happened in Europe but not China, despite similar levels of technology and intellectual activity. In Europe, heterodox and creative thinkers could find sanctuary in other countries and spread their thinking across borders. In contrast, China's version of the Enlightenment remained controlled by the ruling elite.
Combining ideas from economics and cultural evolution, A Culture of Growth provides startling reasons for why the foundations of our modern economy were laid in the mere two centuries between Columbus and Newton.
- Sales Rank: #7306 in Books
- Published on: 2016-11-01
- Original language: English
- Number of items: 1
- Dimensions: 9.30" h x 1.30" w x 6.20" l, .0 pounds
- Binding: Hardcover
- 400 pages
Review
"[A] fine book. . . . One of our country's great economic historians has helped us better understand the greatest transformation in human welfare our planet has ever seen."--Richard Vedder, Wall Street Journal
"Wide-ranging and erudite. . . . Mokyr offers a useful corrective to excessively deterministic and materialistic treatments of economic history, emphasizing ideas--the West, he argues, had a uniquely positive view about subjugating nature to human control--and individual agency in shaping broad socioeconomic shifts."--Publishers Weekly
"Ultimately, without the impetus of science, economic growth would have fizzled out after 1815. A Culture of Growth is certainly making me rethink."--Brad DeLong, Nature
"A Culture of Growth is a brilliant book. You should buy it and even read it. It's long, but consistently interesting, even witty."--Deirdre McCloskey, Prospect
"In pointing to growth-boosting factors that go beyond either the state or the market, Mokyr's book is very welcome."--Victoria Bateman, Times Higher Education
"What stands out from Mokyr's approach is the highly contingent character of the Enlightenment and Industrial Revolution. They happened because a lot of different things happened to fall into place; small deviations in the course of events could have given us an entirely different world of technological and economic power."--Diane Coyle, Financial Times
"Mokyr . . . dives into the mystery of how the world went from being poor to being so rich in just a few centuries. . . . Drawing on centuries of philosophy and scientific advancements, Mokyr argues that there's a reason the Industrial Revolution occurred in Europe and not, for example, in China, which had in previous centuries shown signs of more scientific advancement: Europe developed a unique culture of competitive scientific and intellectual advancement that was unprecedented and not at all predestined."--Ana Swanson, WashingtonPost.com's Wonkblog
From the Back Cover
"Many great minds have written many great books about why Europe spearheaded technological progress and economic growth in the past three centuries. Joel Mokyr has joined their ranks with admirable verve, erudition, and originality. In his account, a change in the beliefs, values, and preferences of Europeans drove them to accumulate, share, and apply knowledge as it had never been done before. Agree or disagree with Mokyr's thesis, you definitely need to take it seriously."--Daron Acemoglu, coauthor of Why Nations Fail
"Mokyr's new masterpiece is a virtuoso display of how new thinking in economics can bring a deeper understanding of one of the most important events in human history. A Culture of Growth documents the cultural shifts that permitted the interrogation of nature that then flowered into scientific advances. This book offers us an optimistic vision: a great expansion of communication preceded our modern prosperity, and we can expect this to happen again."--Angus Deaton, 2015 Nobel Laureate in Economics
"In A Culture of Growth, Joel Mokyr explores in detail the interactions among groups of educated people that led to the creation of specific innovative ideas important in the Industrial Revolution. Mokyr's historical laboratory is early modern Europe but his methods and findings seem to me equally useful in thinking about the prospects for a variety of contemporary economies the world over."--Robert E. Lucas Jr., 1995 Nobel Laureate in Economics
"In this immensely learned book, Mokyr argues that a specific culture of growth anchored in the Republic of Letters, spread through the enlightened circuits beginning with Britain, and made the Industrial Revolution happen. Written by America's leading economic historian, A Culture of Growth is magisterial and long overdue."--Margaret Jacob, University of California, Los Angeles
"A giant among the masters of economic history, Mokyr has written a brilliant, persuasive, humane, penetrating, and sensationally good book. Mokyr looks at the immensely powerful idea of a progressive Baconian science, which stepped down from theory to enrich the modern world. The range of scholarship is astonishing and this major work will become a standard in the literature on economic growth."--Deirdre McCloskey, author of Bourgeois Equality
About the Author
Joel Mokyr is the Robert H. Strotz Professor of Arts and Sciences and professor of economics and history at Northwestern University, and Sackler Professor at the Eitan Berglas School of Economics at the University of Tel Aviv. His many books include The Enlightened Economy and The Gifts of Athena (Princeton). He is the recipient of the Heineken Prize for History and the International Balzan Prize for Economic History.
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